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Tag: earnings
Construction Equipment
Volvo CE off to good 2019 start with 15% rise in 1Q sales
Company President Melker Jernberg called the first-quarter results good for the global construction equipment market. More on Equipment World.
May 3, 2019
Home
United Rentals’ revenue rises 22% in 1Q 2019; more growth expected
United Rentals' announced increased revenues for Q1 of 2019 on their recent earnings call. Click here to read more details about their earnings report.
April 24, 2019
Construction Equipment
Cat sales jump 20% in 2018: Record profit per share, but stock dives
Despite the good news, Caterpillar also saw a 9% plummet in its stock on Monday, January 28, 2019. Get the latest news from Caterpillar on Equipment World.
February 3, 2019
Dealers
Caterpillar crushes estimates as Q3 sales jump 25%
With third-quarter sales and revenues soaring by 25 percent year-to-year and customer demand growing, Caterpillar on Tuesday boosted its robust 2017 profit outlook even higher. The company posted sales and revenues of $11.4 billion for third-quarter 2017, up nearly $2.3 billion from $9.2 billion for the same period last year. Operating profit increased by 228 […]
October 24, 2017
Construction Equipment
Donaldson Co. fiscal 2017 sales up 6.8%
Donaldson Company, which makes engine filters and parts, reports a sales increase of 6.8 percent for the 2016-2017 fiscal year, which ended July 31. Fourth-quarter sales for the fiscal year rose 11.2 percent to $660.1 million from $593.8 million last year. The company points to its engine and industrial products segments as driving the increase. […]
September 14, 2017
Dealers
Komatsu Q1 sales jump 44%, profit doubles in wake of Joy Global acquisition
The immediate impact of Komatsu’s acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global has been overwhelmingly positive as the Japanese equipment manufacturer has seen big sales and profit gains in the first quarter of the current fiscal year. According to the company’s FY 2018 Q1 earnings report, sales are up 44.2 percent to […]
August 11, 2017
Construction Equipment
John Deere optimistic for remainder of 2017 despite 24% 1Q profit decline
Though profit and equipment sales for John Deere were down in the first quarter, chairman and chief executive officer Samuel Allen says there is reason for optimism in 2017. “…All of our businesses remained solidly profitable,” Allen said in a statement included in the company’s quarterly earnings report for the period ending January 29. “Deere’s […]
February 27, 2017
Construction Equipment
Caterpillar profit falls 71% in 1Q as energy demand, competitive pressure in construction knock sales
Though things aren’t looking any brighter for Caterpillar on the financial front, chairman and CEO Doug Oberhelman says he is pleased with the effects of an ongoing cost reduction plan. The company today reported first quarter sales and revenues of $9.5 billion, down 26 percent from the first quarter of 2015. Operating profit plummeted 71 percent […]
April 22, 2016
Business
Terex profit falls 24% in 3Q as sales slip across divisions
Citing a marketplace that “remains challenging,” Terex announced another down quarter for the year, with its Aerial Work Platforms division continuing to provide the majority of positive news for the company. Sales for the company fell 9.3 percent from third quarter 2014 to $1.6 billion while profit fell 24 percent to $44.8 million. “As mentioned last quarter, we are […]
October 27, 2015
Business
John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%
After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for the rest of the year as the company now faces slowed demand for construction equipment alongside an existing farming slump. Deere sales fell 20 percent during the quarter to $7.6 billion while profit dropped 40 percent […]
August 21, 2015
Business
Volvo CE profit jumps 80% in 2Q thanks to big sales increases in North America
Following two consecutive quarters of large losses, Volvo Construction Equipment saw a huge increase in profit during the second quarter, mainly supported by increased sales in North America. Sales increased to 15.4 billion SEK ($1.8 billion), up 5 percent over 2Q 2014. Meanwhile, profit rocketed upward 80 percent to 1.35 billion SEK ($157 million). RELATED […]
July 20, 2015
Business
John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues
Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy equipment manufacturer continues to see profit and sales declines due to the global slowdown in agricultural equipment demand. The manufacturer reported an 18-percent decline in sales during the second quarter to $8.171 billion. Profit fell […]
May 26, 2015
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